How Far Can Bitcoin Fall? Here Are 3 Levels That Could Provide Price Support! - Coin Bulletin

Bitcoin's STH (Short Term Investor) price analysis shows that the $89.9 thousand level stands out as a critical support point in this period of reduced volatility.

According to an analysis by a writer at on-chain data and analytics platform CryptoQuant, Bitcoin is currently trading at over 100,000 dollars, with the majority of short-term investors in profit. This situation contributes to a decrease in potential sudden selling pressure in the market. However, it is observed that 3-6 month investors are in a loss position. Nevertheless, as their share in the total realized market value is only 9.4 percent, their overall impact on the market is limited.

During this period of low volatility, the level of $89.9k is considered an important support level both technically and in terms of on-chain data. Maintaining this level could ensure market stability in the event of a potential price correction. In addition, the average costs of 1-3 month investors at $95.9k and 1-week investors at $96.4k are other important indicators that need to be carefully monitored.

In light of this data, the $89.9 thousand level in the Bitcoin market stands out as a critical threshold for investors and analysts.